NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: ISG TECHNOLOGIES
TSE SYMBOL: ISO
NASDAQ SYMBOL: ISGLF
DECEMBER 13, 1996
ISG Employees Make Their Position Known
MISSISSAUGA, ONTARIO--The statement below was prepared and signed
today by 168 of ISG employees, representing three quarters (3/4)
of the company. The statement refers to a decision shareholders
are being asked to make at the upcoming Annual General Meeting of
Shareholders on Dec. 23 - selecting between two alternative boards
and CEOs.
Creating this statement was a spontaneous initiative, independent
of corporate communication. All employees were asked to provide
input in drafting the statement. Employees were also promised that
the names of those who sign (or, by inference, do not sign) the
statement will not be made available to either of the proposed
company boards or CEOs.
ISG Employee Position Statement:
We, employees of ISG Technologies, believe that it is critical for
the company's shareholders to be informed of our position when
they consider their vote on the new board of directors at the
December 23 Annual General Meeting.
Over the years, ISG has developed a set of common values, key
among them openness, fairness and respect for the individual. We
feel most motivated, creative and focused when working under
management that supports such values, such as under Michael
Greenberg's leadership. Moreover, we believe that such values are
essential in attracting, keeping and fostering the talent required
to succeed in our hi-tech business.
During the recent period in which Mr. Tom Cafarella, under
Quorum's guidance, managed the company, there was a growing
discomfort with his management style and the values it
represented. These feelings grew into a loss of motivation and a
growing alienation. Many talented employees left the company,
and, at the time of Mr. Cafarella's dismissal, many more were
seriously considering abandoning ship.
Following Mr. Cafarella's departure, there was a sense of renewed
belief in the future success of this company and a restored desire
to do our best and stick around for the long-term. We have reason
to believe that, should Quorum's board of directors be elected,
the company will lose key people, much goodwill and energy,
regardless of what business plan or vision is pursued.
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